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Momentum
Aroon Indicator
AROONMeasures how recently the highest high (Aroon Up) and lowest low (Aroon Down) occurred within an N-period lookback, producing two 0–100 lines. The Aroon Oscillator is Up minus Down. High Aroon Up with low Aroon Down signals a new uptrend; the reverse signals a downtrend.
Tips
Aroon Up crossing above 70 while Aroon Down falls below 30 is a classic trend-start signal with high reliability on daily charts
Parallel lines both near 50 indicate a ranging market; wait for one line to diverge before committing to a direction
Parameters
Period
2 - 100